New York, NY- Corporation of the City of New York 1 Penny February
20, 1790 Harris 15 PMG Extremely Fine 40.. ...

Description

New York, NY- Corporation of the City of New York 1 Penny
February 20, 1790 Harris 15 PMG Extremely Fine 40.
Last August, we sold a problem PMG Very Fine 25 for nearly $300.
This piece is a perfectly margined and much nicer example. Our
previous description included a brief history of this issue,
"Listed in both Newman and Harris, this was the lowest of three
denominations from this issue. According to Newman, the notes were
authorized 'to satisfy 'the want of small change' and to prevent
the great losses 'to the poorer classes of citizens from the
circulation of base coppers.'' The two and three pence notes were
counterfeited in London. Hugh Gaine was the printer of the issue
and the printed signature of City Treasurer Daniel Phoenix is
seen."